Pale Fire Capital SE Q3 2025 Filing

Filed November 13, 2025

Portfolio Value

$913.5B

Holdings

54

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (54 positions)

#StockSharesValue% PortfolioType
1
BTOB2GOLD CORP
50,015,909$247.6B27.10%
2
GRPNGROUPON INC
10,181,070$237.7B26.02%
3
DOLEDOLE PLC
8,588,077$115.4B12.63%
4
IMGIAMGOLD CORP
3,930,998$50.8B5.56%
5
NGDNEW GOLD INC CDA
6,211,037$44.6B4.88%
6
TEVATEVA PHARMACEUTICAL INDS LTD
1,689,811$34.1B3.74%
7
CGCENTERRA GOLD INC
2,335,878$25.1B2.74%
8
ANGIANGI INC
1,368,478$22.3B2.44%
9
IAUI-80 GOLD CORP
22,518,159$21.5B2.36%
10
MLYSMINERALYS THERAPEUTICS INC
532,407$20.2B2.21%
11
JXC1ZIFF DAVIS INC
401,825$15.3B1.68%
12
GAUGALIANO GOLD INC
6,655,735$14.6B1.60%
13
TENTSAKOS ENERGY NAVIGATION LTD
340,619$7.6B0.83%
14
ATAIATAI LIFE SCIENCES NV
1,080,768$5.7B0.63%
15
LQDALIQUIDIA CORPORATION
240,721$5.5B0.60%
16
KURAKURA ONCOLOGY INC
607,790$5.4B0.59%
17
NUVBNUVATION BIO INC
1,444,647$5.3B0.59%
18
TECXTECTONIC THERAPEUTIC INC
259,726$4.1B0.45%
19
INSWINTERNATIONAL SEAWAYS INC
76,059$3.5B0.38%
20
SSTKSHUTTERSTOCK INC
154,278$3.2B0.35%
21
GONGERON CORP
2,281,754$3.1B0.34%
22
RGNXREGENXBIO INC
255,601$2.5B0.27%
23
DAWNDAY ONE BIOPHARMACEUTICALS I
302,467$2.1B0.23%
24
CRBUCARIBOU BIOSCIENCES INC
775,055$1.8B0.20%
25
AVU0ADVERUM BIOTECHNOLOGIES INC
363,282$1.6B0.18%
26
DERMJOURNEY MED CORP
228,567$1.6B0.18%
27
CMRCCOMMERCE.COM INC
298,631$1.5B0.16%
28
HELPCYBIN INC
153,505$904.1M0.10%
29
AGROADECOAGRO S A
84,637$663.6M0.07%
30
SPDR INDEX SHS FDS
10,000$621.2M0.07%Put
31
XFORX4 PHARMACEUTICALS INC
180,851$618.5M0.07%
32
HRTXHERON THERAPEUTICS INC
471,190$593.7M0.06%
33
NVDANVIDIA CORPORATION
3,000$559.7M0.06%Put
34
QDELQUIDELORTHO CORP
18,209$536.3M0.06%
35
AQSTAQUESTIVE THERAPEUTICS INC
93,132$520.6M0.06%
36
LDELIFECORE BIOMEDICAL INC
64,620$475.6M0.05%
37
PESIPERMA-FIX ENVIRONMENTAL SVCS
45,270$457.2M0.05%
38
TARSTARSUS PHARMACEUTICALS INC
7,075$420.5M0.05%
39
ETNBGBP89BIO INC
26,903$395.5M0.04%
40
RZLTREZOLUTE INC
41,922$394.1M0.04%
41
HROWHARROW INC
8,093$389.9M0.04%
42
ARWRARROWHEAD PHARMACEUTICALS IN
10,123$349.1M0.04%
43
IMTXIMMATICS N.V
34,270$292.0M0.03%
44
LXEOLEXEO THERAPEUTICS INC
33,650$223.4M0.02%
45
MITTAG MTG INVT TR INC
30,728$222.5M0.02%
46
MUXMCEWEN INC.
12,695$217.1M0.02%
47
BHVNBIOHAVEN LTD
10,344$155.3M0.02%
48
LRMRLARIMAR THERAPEUTICS INC
45,218$146.1M0.02%
49
AKBAAKEBIA THERAPEUTICS INC
50,210$137.1M0.02%
50
VZLAVIZSLA SILVER CORP
30,728$132.7M0.01%
51
ENGNENGENE HOLDINGS INC
17,254$117.8M0.01%
52
CGEMCULLINAN THERAPEUTICS INC
14,615$86.7M0.01%
53
ODVOSISKO DEVELOPMENT CORP
21,133$71.6M0.01%
54
NUAGNEW PAC METALS CORP
25,978$70.4M0.01%